SINGLE SECURITY EXCHANGE DIRECT TO
FREDDIE MAC VIA TRADEWEB

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A SIMPLE WAY TO EXCHANGE
FREDDIES FOR UMBS

As part of the current market transition to a single mortgage-backed security, Freddie Mac offers an optional exchange program for investors to convert their 45-day PCs for 55‐day uniform securities ultimately backed by the same single‐family mortgage loans.

As the market leader in TBA-MBS trading, Tradeweb worked with Freddie Mac to provide investors interested in exchanging an easy and seamless way to do so on Tradeweb.

DIRECT TO FREDDIE VIA TRADEWEB

  • Face Freddie Mac directly as your counterparty
  • Freddie Mac will deliver and settle Free of Payment (FOP)
  • Tradeweb facility will be open for 3-5 years. No cost to exchange on Tradeweb for the first 3 years.
  


EXCHANGE NOW OPEN

 

Tradeweb Resources

Overview

The Tradeweb Exchange >>

Technical

Workflow Options >>
User Guide >>
FREX Excel Template >>
FIX Specs >>
STP Flat File >>

Onboarding

Set-up Information >>

UMBS Trading

Tradeweb Screens >>
 
 

FAQs

  
 

Q. When is the Exchange go-live date?

A. The Tradeweb Exchange path is now open.

Q. Who will be my Counterparty?

A. Freddie Mac.

  

Q. Is there a deadline to exchange?

A. No. The exchange is now open and there is no deadline to exchange. It is an open offer from Freddie Mac and so open for the foreseeable future.

Q. Is there a cost to exchange on Tradeweb?

A. No. There is no cost to the investor to exchange on Tradeweb.

  
 

TRADEWEB QUESTIONS

To discuss your specific needs please contact us at UMBS@tradeweb.com

  
 

Freddie Mac Resources

Freddie Mac Exchange Information Site >>

Freddie Mac & Tradeweb Exchange
Webinar Presentation >>
Webinar Recording >>

Exchange FAQs >>

Exchange Float Compensation Calculator >>

  

NEWS & ANNOUNCEMENTS

Freddie Mac Partners with Tradeweb to Develop Exchange Path Related to Single Security Initiative

MCLEAN, Va. (29 August 2018)

Freddie Mac (OTCQB: FMCC) announced today an arrangement with Tradeweb Markets, a global leader in electronic financial marketplaces, to develop a direct-to-Freddie Mac exchange path for institutional investors related to the Single Security Initiative.

Read News Release ››		  
     
 

 

 

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